Jul
20
Calare Properties Buys Warehouse, Secures Medical Marijuana Lease
ByThe new owner acquired the industrial property in Littleton, Mass., and inked a 10-year lease with Premier Health Group LLC, an affiliate of a non-profit that provides organic medicinal marijuana to qualified patients.
Calare Properties purchased 234 Taylor St. in Littleton, Mass. The new owner secured a 10-year absolute net lease with Premier Health Group LLC for the 36,000-square-foot warehouse. The tenant will also manage the industrial facility, which was previously occupied by VJ Electronix.
The one-story warehouse features 24-foot ceilings with eight tailboard docks and one drive-in door. The property is situated on a 6.3-acre lot that includes ample parking. It is also just off Interstate 495 and Mass Pike (I-90), in Middlesex County. The I-495/Route 2 West submarket has a high demand for industrial assets, with a vacancy rate of 7.3 percent…
Calare Properties Buys Warehouse, Secures Medical Marijuana Lease
